Danish pension fund ATP nets record returns

The Danish LP has generated DKK 36.9bn from its entire investment portfolio before costs and taxes, which amounts to 40% returns relative to the bonus potential at the start of the year.

The private equity portfolio returned DKK 2.6bn over the same period.

Following the highest ever investment return for the first three quarters of the year, ATP has reached DKK 933.6bn in net assets as of Q3, up from DKK 779.2bn in Q3 2018.

Among the best performing asset classes have been government and mortgage bonds (DKK 19.5bn), listed international equities (DKK 6.9bn), and listed Danish equities (DKK 5bn). However, the worst performing asset class has been inflation-related instruments, delivering negative returns.

The market value of private equity investments was DKK 30bn as of H1 2019, which consists of DKK 23.5bn in fund investments, DKK 6.4bn in direct investments, and the remainder in financial derivatives.

The Danish pension fund has previously committed to funds including Astorg VII and ATP Private Equity Partners VI.

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